The upcoming store closures come shortly after Walmart CEO Doug McMillon warned in December that retail theft is “higher than what it has historically been” and that if not corrected over time, “prices will be higher, and/or stores will close.”
“I think local law enforcement being staffed and being a good partner is part of that equation, and that’s normally how we approach it,” McMillon said in an interview on CNBC.
The CEO stopped short of stating exactly which locations could be shuttered due to rising theft incidents.
